Key Collegiate Charter School
- Assets
- $2.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 39
- Location
- Brooklyn, NY
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 82-4747474
Organization Overview
Key Collegiate Charter School is located in Brooklyn, NY. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Key Collegiate Charter School employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Key Collegiate Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Key Collegiate Charter School generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WITH AN UNAPOLOGETIC FOCUS ON STUDENT SUCCESS, KEY COLLEGIATE CHARTER SCHOOL ("KEY COLLEGIATE") ENSURES THAT ALL STUDENTS IN GRADES 4 THROUGH 8 HAVE THE ACADEMIC SKILLS, PROFESSIONAL HABITS, AND PERSONAL DRIVE NECESSARY TO GAIN ACCESS TO AND EXCEL WITHIN THE HIGH SCHOOLS AND COLLEGES OF THEIR CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL INSTRUCTION TO STUDENTS IN GRADES 4-8 IN A SAFE, SUPPORTIVE, AND INTELLECTUALLY ENGAGING EDUCATIONAL ENVIRONMENT. TOTAL STUDENTS - 109.SPECIAL EDUCATION - TO PROVIDE EDUCATION TO STUDENTS WITH SPECIAL NEEDS. NUMBER SERVED - 28.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Romy Drucker Chair | OfficerTrustee | 1 | $0 |
Ron Russo Vice Chair | OfficerTrustee | 1 | $0 |
Nikki Carroll Treasurer | OfficerTrustee | 1 | $0 |
Jason Cali Trustee | Trustee | 1 | $0 |
Michael Mcnally Trustee | Trustee | 1 | $0 |
Nancy Manket Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,034,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,034,281 |
| Total Program Service Revenue | $2,858,617 |
| Investment income | $485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,893,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,259 |
| Compensation of current officers, directors, key employees. | $167,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,774,867 |
| Pension plan accruals and contributions | $36,196 |
| Other employee benefits | $232,111 |
| Payroll taxes | $148,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,559 |
| Fees for services: Accounting | $31,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,637 |
| Advertising and promotion | $127,969 |
| Office expenses | $74,160 |
| Information technology | $53,173 |
| Royalties | $0 |
| Occupancy | $1,240,289 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,215 |
| Insurance | $51,145 |
| All other expenses | $31,217 |
| Total functional expenses | $5,062,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,712 |
| Savings and temporary cash investments | $1,481,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $622,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $50,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,835 |
| Total assets | $2,784,774 |
| Accounts payable and accrued expenses | $1,467,118 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,467,118 |
| Net assets without donor restrictions | $1,317,656 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,784,774 |